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16 results for “mega funds”
Concept2 mentions across episodes
mega funds
“AI consensus creates extreme disruption in how mega funds prosecute seed markets”
...YC or mega funds per prosecute this market is is more extreme because of this consensus around the AI innovation innovation wave. When we think about investing in AI, and I do wanna go into sort of t
13:00 / 13:35
market insight13:00 – 13:35
...pre mega funds that were consistently delivering three x plus returns before they got really large. They got really large, and then they consistently returned two x. I just was looking at KKR's returns, which were in a Bloomberg article. And sure eno
52:29 / 53:35
from transcript52:29 – 53:35
...mega funds come in, they're looking to five plus x that deal. Right? So now they've they've invested in you at a 400,000,000 post money valuation. That means they're setting $2,000,000,000 exit aspirations for you or it didn't work. Right? So that th
20:12 / 21:16
from transcript20:12 – 21:16
...mega funds in late twenty twenty four and 2025. I think we're all looking backwards. There's so many stories of how hard it is to raise a fund and how LPs are are cutting back. It doesn't last. It doesn't last. It can't last. Right? You're either in
5:58 / 7:00
from transcript5:58 – 7:00
...mega funds in late twenty twenty four and 2025. I think we're all looking backwards. There's so many stories of how hard it is to raise a fund and how LPs are are cutting back. It doesn't last. It doesn't last. It can't last. Right? You're either in
4:34 / 6:42
from transcript4:34 – 6:42
...mega funds know when they're doing that that they're gonna lose their ass very often. But in the ones where they get to take the whole market, it pays off. Right? So they're they're structurally designed to do that. And when it doesn't work, they are
19:30 / 20:41
from transcript19:30 – 20:41
...and then they have to push higher for bigger outcomes, which forces them to raise more money to support those potential outcomes.
33:44 / 34:50
from transcript33:44 – 34:50
...venture funds simply don't apply here. And that's kind of where it gets a little murky, and I actually want to call an accountant to bring them on the show to break down the deepest nuances here. But the distance got the broad strokes. If you're doin
5:14 / 6:19
from transcript5:14 – 6:19
...funds will be, you know, 30 to 100,000,000. You'll have your sort of early stage funds that can typically or traditionally go up to $2,300,000,000. You've got these these funds that go across stages that, you know, people three years ago were talking
36:42 / 37:46
from transcript36:42 – 37:46
...funds. Right? I mean, they've they've produced really strong performance. So when do you say enough's enough? I'm out. It's too big. It's not my game. One, we lean on the math where even if you do own 10% of a generational $20,000,000,000 outcome, wh
44:07 / 45:24
from transcript44:07 – 45:24
...were basically raising a $400,000,000 a year's a fund, all the premier funds. And maybe they had a maybe they had a 400,000,000 growth fund attached to it. But the fund size has stayed basically the same for a decade. And so it it worries us tremendo
35:59 / 37:03
from transcript35:59 – 37:03
would be the peak of what you would be comfortable with in a fund? We have a capital concentration limit of 10%. We typically aim to five you know, our typical expectation is 20 deals on an average of five, fairly lower standard deviation. So I'd hav
27:45 / 29:25
from transcript27:45 – 29:25
Because there's lots of things that value at a 100,000,000 that might go to a billion. There's very few things that are thought 10,000,000,000 that might go to 30. So when you find one, you gotta put a lot in. At the stage we play at, it hasn't been
28:25 / 29:30
from transcript28:25 – 29:30
...I've had two funds that I've invested in. One is Mickey. This other one is this fund called AngelPad, which was, kind of like a third rate I don't wanna call it third rate, but it was, like, it was not you know, there was Y Combinator, and then it's
8:03 / 9:25
from transcript8:03 – 9:25
...Hedge funds usually have, like, a one year lockup, and then you can remove your capital after that. So it's it's both the largest and the longest fund longest time horizon fund ever raised. And here's why this gets really interesting. So their goal w
37:30 / 38:30
from transcript37:30 – 38:30
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